When will the music stop?- Part 3
#212 Updated last week's harmonic analysis on the US Indices
Introduction
While most indices around the world were making lows, I shared my long-term view on the SPX in a substack note and on X (Twitter). I am not convinced yet that we have reached a significant high. The recent downtrend may only be a pullback in a longer-term uptrend.
So far, the SPX has been following the 1x1 Gann timing line in Price and Time, heading into a possible high by 2025 at the 6001 price level, 6001 calendar days from the March 2009 low. This is a perfect example of Price/Time geometry—a perfect square of Nine. Note the increments of 666.79 days in Time and in Price ($666.79).
Unless we close below last month’s low, the long-term view may still remain intact. For the premium subscribers, I have a more detailed chart like the one above with specific time targets, and I have updated last week’s harmonic Price/Time analysis on the US Indices.